WASHINGTON, D.C. (November 14, 2018) – Blackboard today announced that its payments platform, Cashnet, is a winner of the 2018 Innovation and Excellence Award sponsored by the New England Automated Clearing House (NEACH). The NEACH 2018 Innovation and Excellence Awards showcase outstanding payments products and services to the financial services industry and beyond. They recognize individuals and organizations that bring new, innovative products and services to market.
Cashnet provides secure transaction services to over 700 higher education campuses and reaches 5 million students nationwide. The robust suite of solutions rests on a PCI-compliant platform that seamlessly integrates to adapt to the most challenging higher education environments. Cashnet enables schools to accept different types of payment methods, e.g. credit/debit cards, ACH, 529 plans, and international payment methods. Students can securely make payments over the web using a single sign-on. It also offers flexible tuition payment plan options to help students manage the growing costs of higher education, which in turn helps schools to attract and retain students. By providing administrators and students the tools needed for financial empowerment and transparency through an easy-to-use, secure and integrated platform, students and staff enjoy a seamless experience.
“We are thrilled to highlight these examples of extraordinary effort, purpose, and commitment to our industry,” said Sean Carter, NEACH President. “Blackboard’s work is helping to transform payments by providing the tools to make our customers’ financial lives easier, faster, and more secure.”
The Innovation and Excellence Awards cover six categories:
- Advancement: Leading the industry in the implementation of innovative payments solutions
- Efficiency: Improving the effectiveness of electronic payments
- Faster Payments: Introducing solutions that accelerate the speed of payments
- Innovation: Implementing new technologies or progressive practices to move the industry forward
- Leadership: Recognizing the significant and positive impact on advancing payments
- Security: Demonstrating exceptional strides in payments system security
“Blackboard is very proud to receive this award for our Cashnet product. We thank NEACH for their recognition of our work in making payments easy and accessible for all,” said David Marr, President of Blackboard Transact. “For over 25 years, Cashnet has constantly evolved to create the secure and simplified payments experience that colleges and universities require. We look forward to continuing to work with institutions nationwide to help them simplify electronic payments all over campus.”
To learn more about Cashnet, visit www.cashnet.com.
Our mission is to partner with the global education community to enable learner and institutional success, leveraging innovative technologies and services. With an unmatched understanding of the world of the learner, the most comprehensive student-success solutions, and the greatest capacity for innovation, Blackboard is education's partner in change.
The New England Automated Clearing House (NEACH) is a non-profit association that helps members originate and receive ACH transactions, and provide products, services, education, and marketing to increase the acceptance, use and quality of electronic transactions. For more information, visit neach.org.